Bakers Footwear Reports First Quarter 2005 Net Sales

Bakers Footwear Group (Nasdaq: BKRS), the leading
specialty retailer of moderately priced fashion footwear for young
women, with 221 stores, today reported first quarter net sales
figures. For the thirteen weeks ended April 30, 2005 (the Company's
first fiscal quarter) net sales increased 16.2% to $44.9 million up
from $38.7 million in the thirteen weeks ended May 1, 2004. Comparable
store sales in the quarter increased 7.8% compared to a 10.2% increase
in the same period last year.
   Bakers previously disclosed that it had changed its fiscal year to
the standard retail calendar. This created a four week transition
period ended January 29, 2005. Net sales for the transition period
were $9.2 million, an increase of 4.5% from net sales of $8.8 million
for the comparable four weeks ended January 31, 2004. Comparable store
sales in the January 2005 transition period decreased 0.8% compared to
an 8.7% increase in January 2004.
   During the transition period and the first quarter, Bakers
Footwear opened 7 new stores and remodeled 6 existing stores into its
new store format. The company now has 86 stores operating in its new
format. Comparable store sales for the Company's 63 new format
locations open for more than a year increased by 12.3% in the first
quarter.
   Peter Edison, Chairman and Chief Executive Officer of Bakers
Footwear Group, said, "First quarter net sales reflected continued
strong sales in all categories of footwear driven by customers' desire
for feminine and embellished footwear.
   "This, coupled with the increased productivity of our store base,
has us well positioned for the balance of the year. Our new store
format continues to exceed expectations, as evidenced by the 12.3%
comparable store sales increase for our new store concept in the
quarter. This is a strong testament to the successful execution of our
store expansion strategy. By the end of fiscal 2005, we plan to have
more than half of all Bakers stores operating in this new store
format."
   Edison concluded, "In fiscal 2005, we plan to open between 35 to
40 new stores and remodel approximately 25 existing locations. We
believe our current momentum, strong operating model and expansion
plans will lead to continued sales growth with increased
profitability, and more importantly, create enhanced value for our
shareholders."

   About Bakers Footwear Group

   Bakers Footwear Group is a national, mall-based, specialty
retailer of distinctive footwear and accessories for young women. The
Company's merchandise includes private label and national brand dress,
casual and sport shoes, boots, sandals and accessories. The Company
currently operates over 200 stores nationwide under two formats,
Bakers and Wild Pair. Bakers stores focus on women between the ages of
15 and 29. Wild Pair stores offer fashion-forward footwear to both
women and men between the ages of 17 and 24.

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MEANING OF SECTION 27(A) OF THE SECURITIES ACT OF 1933 AND SECTION
21(E) OF THE SECURITIES EXCHANGE ACT OF 1934). BAKERS FOOTWEAR HAS NO
DUTY TO UPDATE SUCH STATEMENTS. ACTUAL FUTURE EVENTS AND CIRCUMSTANCES
COULD DIFFER MATERIALLY FROM THOSE SET FORTH IN THIS STATEMENT DUE TO
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